I am in San Antonio and I may be coming back here to run a company on a longer term basis. I am hoping to buy on this trip. If I move here my aim would be to purchase a number this year.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment research…[Read more]

One other point that is worth mentioning is that regarding the property taxes around 50% of the tax goes to fund schools. It has been deemed that this is illegal and as such the Texas government are looking to fund schools from a different source. One example is that cigarette taxes have just been increased by $1 per pack, with other taxes to…[Read more]

I could not agree more. In fact what some people are doing is worse than the marketing companies because they are accepting a fee from the buyer then they put them into rubbish. The fees are also high. I am currently in San Antonio doing some work for a local agent. The market is rising but investors need to be aware that in Texas property taxes…[Read more]

Why would anyone be stupid enough to buy a property through ebay sight unseen.

I am currently in Texas and I would not buy a property either for myself or a client unless I had inspected it.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment research…[Read more]

It seems that you need to run hard from most people. It seems that a number of people use their clients money to test out a market. No wonder we are hearing so many horror stories from Buffalo

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment…[Read more]

Yes it is true on paper. However you have to remember that you are not in the US tax system. Also banks will only lend you around 70% which means that you will have to fund around 30% with either cash or a line of credit. If you buy really cheap properties such as in Buffalo you will be lucky to get finance at all. Once you buy a property you wil…[Read more]

It should always be about limiting your risks. With apartment complexes we are only buying the ones which have onsite property managers. A new property management business will then oversea the individual complexes.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day…[Read more]

I think it depends on what you are try and what you need to achieve. My personal view is that these areas are over priced. They may have gone up over the last few years but today the rental returns are not that great and it is unlikely that there will be much in the way of capital growth.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and…[Read more]

Much of the United States like Australia and New Zealand is over priced. The difference is that with a population of 293 Million there are many places in the United States that are only now taking off where yields are high. A comparision to me and I have also been buying property in New Zealand is that parts of the American market are like the New…[Read more]

The secret is to buy in good areas. The only problem that I came across is that property taxes in the United States are high. An example, if you buy a house in Texas for about $110,000 your property taxes may be as high as $35000-$4000 per year. The reason is that out of the $4000 as much as $2000 is for scholl levies. In places such as New York…[Read more]

It is difficult to look at properties that will provide positive cashflow in Australia. Even renovating a property will not in most cases lift your rental return to a point where the property will be positive. I not saying they are impossible to find but they are hard. Another option would be New Zealand where there are still positive cashflow…[Read more]

That sounds high for that type of product. Where are they?
Generally with these types of investment you will not get little or no capital growth. Because these properties are deemed commercial in many cases you will only get around 60-65% funding. If it sounds to good to be true it probably is.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian…[Read more]

Hi Muppet

I have also been buyin properties in New Zealand for the past few years. If we take that as an example i did not buy there until I had a team of people on the ground including a great property manager. New Zealand is a great place to invest. The only reason that we are also looking at the United States is that there are still states and…[Read more]

I find that to do a joint venture or syndicate it should be for a larger project. If it is a development project you need to feel comfortable with who you are working with.
I have been involved in a syndicate to acquire an apartment complex in the United States. It allows buying power and greatly reduces the risks involved in going it…[Read more]

My view is that if you pay a buyers advocate a fee to assist you they have an obligation to do the research and have the right people on the ground.
I agree with Rick that Texas is a better place to invest. But the point is that I do not use other peoples money to test a market. I am going to Texas to establish a property management and investment…[Read more]

Hi

If I was 20 again and I lived in Sydney, I would rent and purchase an investment property. Even consider buying in another city or country for that matter. Because of the rent coming in it will enable you to purchase a more expensive property than you could otherwise afford. In Sydney it is certainly cheaper to rent than buy. So enjoy your…[Read more]

Hi John

I have dealt with Alistair Perry on a number of occasions and sent him a number of clients. His family company are town planners so Alistair really understands finance from an investment point of view.
You are wise not dealing with marketing companies. Most of these groups make around $25,000 in commission. Either do it yourself but make…[Read more]

Thank you Derek

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interest
http://www.changingplaces.com.au Buyers advocate.

Hi Zoe

One other option would be to continue renting, particully if you like Melbourne or say southbank and buy an investment property instead. There are a number of advantages with this, firstly the purchases become tax deductable and secondly because you would have tenanats paying you rent it may mean you can afford to buy a second property, if…[Read more]

This shows the need always to research what you are doing very carefully. I would suggest that if you are wanting to do your own development then you should appoint from day one a town planner who are experienced with getting permits through. Likewise you need a solicitor who understands about developing. Most conveyencing people do not have the…[Read more]